- Bitcoin holds $114,600, signaling an impending altcoin season.
- Guaranteed Fed rate cuts could boost altcoin liquidity.
- Historical patterns align for a Q4 altcoin surge.
The cryptocurrency market is buzzing with anticipation following a key insight from crypto analyst @crypto_birb . A recent chart comparing Bitcoin’s current cycle to those of four and eight years prior highlights a critical juncture. With Bitcoin holding steady above $114,600, supported by key moving averages, the stage is set for an altcoin season. The chart, shared on X, aligns the current cycle with historical patterns, pinpointing an altseason signal as Bitcoin approaches a potential peak. This alignment suggests altcoins could see significant gains, especially with guaranteed rate cuts on the horizon.
Key Technical Levels Strengthen Bullish Outlook
The analysis indicates Bitcoin’s current price of $114,580 sits above its 200-day BPRO ($111,280) and 200-day SMA ($102,089), with moderate momentum (RSI 56). Intraday structures show a mixed bias, but a daily close above $115,600 could trigger a breakout. Historically, negative SPX correlation (-0.222) has preceded Bitcoin bottoms, hinting at a decoupling that favors altcoin rotation. Seasonality adds another layer, with September’s weak performance (-6.17% average) contrasting with a +4.82% gain so far this month, setting the stage for volatility.
Liquidity Boost from Fed Rate Cuts on the Horizon
On-chain data supports this optimism, with miners profitable (cost $98,597, ratio 0.88) and no stress signals from NUPL (0.534) or MVRV (2.25). ETF flows are stabilizing near cycle-high AUM ($159.46B), and a certain 25 bp Fed cut in September could boost liquidity, historically favoring altcoins. The CMC Altcoin Season Index, tracking top-100 altcoins against Bitcoin, is rising, signaling a potential shift. Investors should brace for choppy waters but seize this window for altcoin opportunities.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.